Company Valuation: Kering SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 87,474 58,122 48,537 29,206 36,903 29,600 - -
Change - -33.56% -16.49% -39.83% 26.35% -19.79% - -
Enterprise Value (EV) 1 92,144 60,428 57,041 39,706 44,942 38,374 37,826 37,150
Change - -34.42% -5.61% -30.39% 13.19% -14.61% -1.43% -1.79%
P/E 27.7x 16.2x 16.4x 25.8x 510x 46.3x 26.4x 19.1x
PBR 6.57x 4.15x 3.22x 1.96x 2.51x 1.97x 1.87x 1.75x
PEG - 1.1x -1x -0.4x -5.4x 0x 0.4x 0.5x
Capitalization / Revenue 4.96x 2.86x 2.48x 1.7x 2.51x 2.01x 1.89x 1.76x
EV / Revenue 5.22x 2.97x 2.92x 2.31x 3.06x 2.61x 2.41x 2.21x
EV / EBITDA 14.2x 8.33x 8.68x 8.51x 12.2x 10x 8.94x 7.74x
EV / EBIT 18.4x 10.8x 12x 15.5x 27.6x 20.4x 16x 12.9x
EV / FCF 23.4x 18.8x 28.8x 28.4x 19.5x 20x 22.8x 20x
FCF Yield 4.28% 5.31% 3.48% 3.53% 5.12% 5% 4.38% 4.99%
Dividend per Share 2 12 14 14 6 3 3.406 4.945 6.576
Rate of return 1.7% 2.94% 3.51% 2.52% 1% 1.41% 2.05% 2.72%
EPS 2 25.49 29.31 24.37 9.24 0.59 5.216 9.136 12.62
Distribution rate 47.1% 47.8% 57.4% 64.9% 508% 65.3% 54.1% 52.1%
Net sales 1 17,645 20,351 19,566 17,194 14,675 14,727 15,671 16,780
EBITDA 1 6,470 7,255 6,569 4,667 3,675 3,838 4,232 4,800
EBIT 1 5,017 5,589 4,746 2,554 1,631 1,885 2,357 2,883
Net income 1 3,176 3,614 2,983 1,133 72 649.2 1,136 1,536
Net Debt 1 4,670 2,306 8,504 10,500 8,039 8,774 8,226 7,550
Reference price 2 706.90 475.50 399.00 238.25 301.00 241.40 241.40 241.40
Nbr of stocks (in thousands) 123,744 122,233 121,646 122,587 122,601 122,618 - -
Announcement Date 2/17/22 2/15/23 2/8/24 2/11/25 2/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.39x4.07x14.38x3.37% 208B
41.39x5.09x21.09x0.9% 138B
26.74x2.72x17.51x0.77% 73.69B
45.82x2.61x10x1.41% 34.42B
22.12x1.49x8.41x4.23% 28.85B
15.4x3x11.5x1.53% 24.35B
19.15x2.65x11.86x1.87% 23.96B
23.1x1.37x11.66x-.--% 16.67B
14.98x1.78x7.56x4.32% 10.67B
Average 26.12x 2.75x 12.66x 2.04% 62.07B
Weighted average by Cap. 30.00x 3.69x 15.42x 2.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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